Mike Simonsen 🐉 (@mikesimonsen) / X

Mike Simonsen 🐉

45.4K posts

Mike Simonsen 🐉

@mikesimonsen

I help people understand the housing market. Now: Chief Economist at Compass. Prev: founder CEO, Altos Research (aqc by HW Media)

San Francisco, CA

Joined March 2008

Pinned
Mike Simonsen 🐉
@mikesimonsen
Jun 8
June 8 Housing Data! The wealth effect vs. mortgage rates is maybe the defining story of housing this June. The K-shaped economy is showing up in who's buying: some buyers buoyed by stock gains and business profits, others hamstrung by inflation and rates at the highest levels
16K
Mike Simonsen 🐉
@mikesimonsen
Apr 4, 2024
This is incredible. From @Jamie_Lane where AirBnBs are fully booked next week.
9.4M
Mike Simonsen 🐉
@mikesimonsen
Oct 25, 2024
If you think homes are expensive now, wait until we deport half the construction workers.
J
@jasonllevin
Oct 23, 2024
If you think food is expensive now, wait until we deport half the farm workers.
375K
Mike Simonsen 🐉
@mikesimonsen
Nov 9, 2025
The average age for a homebuyer is over 40. How’s that 50 year loan looking?
130K
Mike Simonsen 🐉
@mikesimonsen
Jul 8, 2024
Spotted in a house in Cupertino, CA this weekend where the median home price is $3.3 million. via my friend @MaryPopeHandy
528K
Mike Simonsen 🐉
@mikesimonsen
Sep 23, 2023
I’ve been taking the driverless robotaxis around SF. They’re safe and fun. Also slower and less efficient than Ubers, because they’re strict rule followers. What’s wild is that we’re back to a world human-taxis are expensive and hard to find. Suddenly it’s easier and cheaper
00:00
1.8M
Mike Simonsen 🐉
@mikesimonsen
Mar 15, 2025
Hey Apple: rather than iMessage creating a useless AI summary of a text from a Philippines number ordering payment for non existent toll violations, with a obviously suspect URL How about using AI to never let that text into my inbox?
40K
Mike Simonsen 🐉
@mikesimonsen
Jul 10, 2024
American mortgage holders carry only 48% loan-to-value on their homes, down from 70% a decade ago. It's really hard to overstate how strong a financial position American homeowners have. housingwire.com/articles/the-f…
278K
Mike Simonsen 🐉
@mikesimonsen
Sep 14, 2025
Prepping some slides for a talk in Chicago tomorrow. This is so stark.
232K
Mike Simonsen 🐉
@mikesimonsen
May 23, 2022
Hoo boy! Available inventory of unsold single family home jumped 8% this week. 344,000 homes now on the market. In this week's @AltosResearch video and thread for US real estate market I try to break down what we know and what this means 🧵📽️👇 1/6
Mike Simonsen 🐉
@mikesimonsen
Feb 7, 2025
California’s Prop13 which keeps property taxes capped ultra low for existing homeowners, forces cities to transfer that cost to new construction. Prop13 is the worst tax law ever.
Matt Baran
@mattbaran
Feb 6, 2025
Only $8,362 per unit? Welcome to Sunnyvale, where park fees are $107,811 for each new home.
54K
Mike Simonsen 🐉
@mikesimonsen
Apr 17, 2023
San Francisco official office vacancy rate is 29%. San Francisco has 69% less cell phone activity downtown than 2019. Seems like a more accurate measure.
Jim Bianco
@biancoresearch
Apr 16, 2023
statista.com/chart/29722/ce…
266K
Mike Simonsen 🐉
@mikesimonsen
Oct 14, 2025
Can you imagine owning a $40million home and paying only $10k per year in taxes? Frozen property taxes are the worst idea ever. States adopting this policy are about to destroy themselves.
Rohin Dhar
@rohindhar
Oct 13, 2025
Property taxes on this home Will jump from $10k per year under the old owner To $600k per year now
61K
Mike Simonsen 🐉
@mikesimonsen
Feb 24, 2025
We used to build houses where people want to live. Now people want to live where we build houses.
Alec Stapp
@AlecStapp
Feb 24, 2025
Blue states should be asking themselves what policies they can change to be on this list in the future.
35K